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Missing Satoshi Nakamoto Statue Is Recovered in Lugano

The layers of disappearing stripes creating the illusion of Satoshi, the pseudonymous creator of Bitcoin, that fade into code when viewed head-on had stood on the site since late 2024.

The Satoshi Nakamoto statue in Lugano, created by artist Valentina Picozzi and reported missing on Sunday, was recovered from a nearby lake.

The statue, unveiled in 2024, was part of Lugano's effort to become a global bitcoin hub.

Satoshigallery had offered a reward of 0.1 BTC for information leading to the statue's recovery.

Picozzi shared images on social media of the statue being recovered, and suggested Kintsugi-style repairs may be in order. Kintsugi is the Japanese art of repairing broken items with specific coating mixed with powered precious metals such as gold, silver or platinum.

The theft occurred just over a week after Satoshi Gallery unveiled its third Satoshi Nakamoto statue in Tokyo, Japan.